Amphenol Co. (NYSE:APH) Stake Reduced by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,049,804 shares of the electronics maker’s stock after selling 87,317 shares during the period. Amphenol comprises approximately 1.4% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 22nd biggest holding. Lazard Freres Gestion S.A.S.’s holdings in Amphenol were worth $68,405,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after acquiring an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares during the period. Legal & General Group Plc lifted its stake in Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after buying an additional 5,293,292 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Amphenol by 263.0% in the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after buying an additional 2,585,282 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by corporate insiders.

Amphenol Price Performance

Shares of NYSE:APH traded down $0.13 during trading on Tuesday, reaching $73.16. 187,089 shares of the company traded hands, compared to its average volume of 6,611,780. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $88.20 billion, a PE ratio of 42.14, a PEG ratio of 2.47 and a beta of 1.23. The company’s 50 day moving average is $67.85 and its two-hundred day moving average is $66.47. Amphenol Co. has a 52 week low of $44.81 and a 52 week high of $74.93.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s dividend payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on APH shares. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.